Just so we’re clear, here’s a helpful guide to the rules of market watching, as they relate to partisan politics:
When the market went down on Bush’s watch before the 2008 elections, this was Bill Clinton’s fault.
When the market went down on Bush’s watch between November 2008 and January 2009, this was Barack Obama’s fault.
When the market went down during Obama’s first seven weeks in office, this was definitely Barack Obama’s fault.
And when the market rallies on Obama’s watch during the second week in March, George W. Bush deserves at least some of the credit.
That is helpful.